The Swedish real estate private equity firm completed the final close for its fifth opportunistic property fund, Niam Nordic V, with 719 million in total equity commitments.
The investors are a number of global public and corporate pension funds, sovereign wealth funds, endowments and financial institutions.
"It has been a challenging fundraising environment and we are very pleased with having been able to surpass our own target of 600 million. We are grateful to both our existing investors who have continued to support us over several funds and new investors who have decided to partner with us due to our track record and real estate experience," says Johan Bergman, CEO of Niam
With approximately 2.2 billion in investment capacity, Niam Nordic V will be invested through Niam's organization locally located in Stockholm, Oslo, Helsinki and Copenhagen. The capital in the new fund will target commercial and residential properties in the Nordic countries. Niam Nordic V is already ~15% invested.
Niam is actively managing a real estate portfolio of 3.3 billion through its three funds Niam III, Niam IV and Niam V.
Source: MyNewsdesk
